Lithos Corporation (M.lts) Message Board

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Gold/Mining/Energy : Lithos Corporation (M.lts)

LTS 3.490

0.0%

Feb 14 4:00 PM EST

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To: Bob Fairchild who wrote (395)	7/28/1999 12:10:00 PM
From: Charles T	of 415

FP article on Lithos... Small Cap Charged-up demand fuels Lithos' growth By ROBERT GIBBENS The Financial Post MONTREAL - Exploding demand for lightweight batteries for cellular phones, small computers and a host of electronic products has transformed Lithos Corp., a Quebec gold mine developer, into a high-tech materials producer. Lithos said yesterday it will build a $10-million plant at Shawinigan, Que., to make super high-purity lithium carbonite with annual capacity of 750 tonnes worth $20-million to $30-million (US). Lithos has spun off its mining side into a separate unit and late in August will change its name to Limtech Inc. Its biggest shareholder will be Switzerland's Canton du Valais pension fund with 25%, Sofinov, a unit of the Caisse de depot et placement du Quebec (13%), and management (6%). Industrial partners will also invest $3-million.

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